The Federal Board of Revenue (FBR) has reported a 14% increase in tax revenue collection compared to the same period last year, successfully exceeding its target for July 2025.

According to official data, the FBR collected a net revenue of Rs754.4 billion in July, surpassing the assigned target of Rs748.1 billion.

This positive start comes as part of broader fiscal measures introduced under the International Monetary Fund (IMF) program, which outlined aggressive revenue targets in the federal budget for the fiscal year 2025. The government aims to generate an additional Rs1.05 trillion in revenue this year—Rs655 billion through new taxation measures and Rs400 billion via stricter enforcement mechanisms.

A breakdown of July’s tax collection shows the following:

• Income Tax: Rs324 billion
• Sales Tax: Rs353 billion
• Federal Excise Duty: Rs46 billion
• Customs Duty: Rs113 billion

The figures indicate strong performance across multiple tax categories, reflecting the FBR’s efforts to broaden the tax base and strengthen compliance.

This revenue growth marks a promising beginning to the new fiscal year as Pakistan moves to meet its economic reform commitments and improve fiscal sustainability.